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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net income $ 6,107,501 $ 6,488,987 $ 19,157,457 $ 10,143,058
Unrealized holding gains arising during the period before tax 3,682,514 4,155,252 10,628,032 4,598,599
Less reclassification adjustment for gains included in net income before tax 4,251,773 56,580 4,628,283 473,513
(569,259) 4,098,672 5,999,749 4,125,086
Unrealized holding losses arising during the period before tax (16,327) (419,219) (552,510) (672,169)
Less reclassification adjustment for ineffectiveness and caplet amortization before tax 33,246 20,099 82,281 30,562
(49,573) (439,318) (634,791) (702,731)
Other comprehensive income (loss), before tax (618,832) 3,659,354 5,364,958 3,422,355
Tax expense (benefit) (257,648) 1,402,871 2,020,098 1,323,928
Other comprehensive income (loss), net of tax (361,184) 2,256,483 3,344,860 2,098,427
Comprehensive income 5,746,317 8,745,470 22,502,317 12,241,485
Other comprehensive income:        
Unrealized holding gains arising during the period before tax 3,682,514 4,155,252 10,628,032 4,598,599
Less reclassification adjustment for gains included in net income before tax 4,251,773 56,580 4,628,283 473,513
(569,259) 4,098,672 5,999,749 4,125,086
Unrealized holding losses arising during the period before tax (16,327) (419,219) (552,510) (672,169)
Less reclassification adjustment for ineffectiveness and caplet amortization before tax 33,246 20,099 82,281 30,562
(49,573) (439,318) (634,791) (702,731)
Other comprehensive income (loss), before tax (618,832) 3,659,354 5,364,958 3,422,355
Tax expense (benefit) (257,648) 1,402,871 2,020,098 1,323,928
Other comprehensive income (loss), net of tax (361,184) 2,256,483 3,344,860 2,098,427
Comprehensive income $ 5,746,317 $ 8,745,470 $ 22,502,317 $ 12,241,485